Scruge

Next-Generation Crowdfunding Platform

Scruge is a DAO for tokenised crowdfunding. Using a decentralised stable cryptocurrency and governance by prediction markets, we bring a transparent and decentralised mechanism for conducting crowd sales.

About Scruge

How Scruge works?

1. Before the campaign, founders publish a roadmap, describing timeline and share of overall funding they require at each stage.2. After the finish of a successful campaign, raised money gets locked in stable cryptocurrency in smart contract on the blockchain3. When the deadline for milestone approaches, founders present evidence and report on their progress4. Funders vote whether to release next portion of funds5. If the majority of investors vote to release funds, then funds are released, and the project continues. If the majority votes no, then unspent money stored in smart contract get returned to funders.6. Repeat steps 3-5 until all milestones have passed, or money has been returned at some point.

Whitepaper

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